Positioning For Altcoin Season: Analyst Reveals When To Buy As Bitcoin Dominance Rises
Bitcoin Dominance (BTC.D) is rising, prompting speculation about an upcoming altcoin season. Analysts suggest that true altcoin seasons occur when BTC.D falls below 60%, indicating a shift to altcoins. Stockmoney Lizards advises against buying altcoins based on hype, recommending accumulation at extreme oversold levels, typically when the Relative Strength Index (RSI) drops below 25-30. These conditions present optimal entry points for short-term gains of 50% to 200%. The current BTC.D behavior indicates the market is in the early to mid-phase of a bull run, where Bitcoin remains dominant. This dominance reflects institutional accumulation and market confidence, not a bearish signal for altcoins. The real altcoin season will emerge once BTC.D breaks its channel and reaches historical lows. Retail investors are cautioned against chasing altcoins prematurely, as Bitcoin continues to outperform. Strategic positioning is essential for capitalizing on future market rallies.
